Infrastructure is vital to improving Australia's living standards and productivity, and accounting plays a key role in how we plan and pay for these projects. The Australian Infrastructure Audit has outlined a new, strategic approach to assessing our nation's infrastructure needs and has highlighted that improvements are needed in infrastructure project appraisal, selection and reporting of cost/benefit analysis. This topic brings together theory and practices from accounting, finance and economics to examine these events in more detail and answer the question of how government will develop long-term infrastructure strategies as outlined in the Australian Infrastructure Audit, and what role numbers play in quantifying the costs and benefits between projects.
Qualitative and quantitative research skills or desire to acquire these skills during study
The answer to this question addresses one of the key issues raised in the Australian Infrastructure Audit which was to improve the transparency and consistency of cost-benefit analysis which will lead to improvements in infrastructure project appraisal and selection.
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